Demand is slowing down, addressable market of various businesses are shrinking, competition has intensified, business sentiments are low, world’s biggest economies are in recession and market valuations are at historic lows—seriously, the time has come to witness history’s biggest consolidation phase. We intend to re-start our blog to track the M&A and PE related events in India and in the world which will have likely impact on India. Keep visiting.
Saturday, June 9, 2007
Essar set to acquire Canada-based Algoma
Essar Global has received approval from the Canadian government for acquisition of Algoma Steel for Canadian $1.85 billion (Rs 7,100 crore), as required under the country's foreign- investment rules.
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